First American Title and Taylor Morrison Complete 500 Hybrid eClosings
May 14 2019 - 10:00AM
Business Wire
—Buyers enjoy an efficient 20-minute on
average signing appointment with the added confidence from closing
document previews at their convenience—
First American Title Insurance Company, a leading
provider of title insurance and settlement services and the largest
subsidiary of First American Financial Corporation (NYSE: FAF), and
Taylor Morrison Home Corporation (NYSE: TMHC), a leading
national homebuilder and developer, through Taylor Morrison Home
Funding, today announced they have completed 500 hybrid eClosings
using First American’s eClosing solution. The hybrid eClosings took
place in Arizona, California, Colorado, Florida and Texas.
First American’s eClosing solution is part of the company’s
efforts to help transform real estate settlement, enhancing the
digital home buying and mortgage experience for consumers. In a
hybrid eClosing, home buyers can review and eSign many real estate
transaction closing documents from a computer at home or on a
mobile device in advance of the closing appointment, while some
documents must be wet signed in person at the appointment.
“After more than 500 completed hybrid eClosings, we’re
consistently seeing closing appointments reduced to an average of
20 minutes and home buyers are grateful for the ability to preview
documents in advance and to have a shorter, more convenient signing
event,” said Joe Tavarez, president at First American Title’s
Homebuilder Services Division. “Equally important, lenders
appreciate the ability to offer home buyers the convenience of a
hybrid eClosing with minimal process changes and no additional
fees. We expect to aggressively ramp up hybrid eClosing transaction
volume in the months ahead.”
First American offers hybrid eClosing through its eClosing
solution for no additional settlement fee to homebuilders, their
lender partners or home buyers. With First American’s eClosing
solution, First American facilitates the digital settlement process
and provides title insurance. The company also maintains the
flexibility to support homebuilders and lenders that prefer to use
their own third-party eClosing solution.
“We can offer our customers a new level of service, transparency
and peace of mind by allowing them to preview their closing
documents in advance of the close date. The speed and simplicity of
e-signing exceeds customer expectations as they complete the final
steps in their home buying journey,” said Tawn Kelley, President of
Financial Services and Executive Vice President at Taylor
Morrison.
First American’s eClosing solution includes a mobile-friendly
interface, consumer document preview, digital scheduling for mobile
notary meetings, consumer appointment confirmation, and eSignatures
for hybrid eClosings. The solution will also manage “eVault-ready”
loan documents, including fully executed eNotes, and is ready to
support a lender’s MERS eRegistry and eVaulting workflows.
First American’s Guide to eClosing and eSigning Real Estate
Transactions provides helpful information, infographics and
background on the shift toward digital settlement, including the
benefits and different types of eClosings, as well as a
state-by-state guide to remote online eClosing.
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary
of First American Financial Corporation (NYSE: FAF), traces its
history to 1889. One of the largest title insurers in the nation,
the company offers title services through its direct operations and
an extensive network of agents throughout the United States and
abroad. First American Title provides comprehensive title insurance
coverage and professional services for real estate purchases,
construction, refinances and equity loans. For more information,
visit www.firstam.com/title.
About Taylor Morrison Home Corporation
Taylor Morrison Home Corporation (NYSE: TMHC) is a leading
national homebuilder and developer that has been recognized as
America's Most Trusted® Home Builder by Lifestory Research
from 2016 to 2019. Based in Scottsdale, Ariz., the company
operates under two well-established brands, Taylor Morrison and
Darling Homes. Taylor Morrison serves a wide array of consumer
groups from coast to coast, including first-time, move-up, luxury,
and 55-plus buyers. In Texas, Darling Homes builds communities
with a focus on individuality and distinctive detail while
delivering on the Taylor Morrison standard of excellence. For more
information about Taylor Morrison and Darling Homes, please
visit www.taylormorrison.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190514005294/en/
Media Contacts:Marcus GinnatyCorporate
CommunicationsFirst American Financial Corporation(714)
250-3298
Investor Contacts:Craig BarberioInvestor RelationsFirst
American Financial Corporation(714) 250-5214
Taylor Morrison Home (NYSE:TMHC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Taylor Morrison Home (NYSE:TMHC)
Historical Stock Chart
From Apr 2023 to Apr 2024